PHOENIX, Oct. 29, 2020 /PRNewswire/ -- Nikola
Corporation (NASDAQ: NKLA) today announced that it has appointed
Bruce Smith as a new independent
director.
Smith has more than 30 years of leadership experience in
manufacturing operations, having led numerous companies and has a
history of driving business and financial outperformance. He is
currently the Chairman and Chief Executive Officer of Detroit
Manufacturing Systems (DMS), a Tier 1 component manufacturer for
global automotive brands with approximately $1 billion in annual revenue. Prior to joining
DMS, Smith worked closely with leading private equity firms and
entrepreneurs, holding key executive management positions,
including president and CEO of BTM Company, a global leader of
precision engineered tooling and production equipment. Earlier in
his career, he served as president and CEO of Elyria & Hodge
Foundries, president and COO of Guilford
Mills, president and CEO of automotive supplier Piston
Group, and president and COO of United Plastics Group.
"Bruce is a highly respected and proven leader, and we are
excited to have him join the Nikola Board," said Steve Girsky, Chairman of Nikola's Board of
Directors. "With an unmatched understanding of today's
manufacturing landscape, deep financial acumen and proven expertise
in overseeing large operations, he is uniquely qualified to bring
fresh perspectives to our diverse Board. We are confident that
Bruce's valuable perspective and insights will help the Board and
management team execute on its strategic and business
priorities."
"I am pleased to join the Nikola Board of Directors," said
Smith. "Nikola has a compelling vision for the future of the
trucking industry as it executes its strategy to create an
ecosystem integrating next-generation truck technology, hydrogen
fueling infrastructure and maintenance. I look forward to
partnering with my fellow Board members and management as we work
to deliver on this vision for Nikola and create value for
shareholders."
ABOUT NIKOLA CORPORATION:
Nikola Corporation is
globally transforming the transportation industry. As a designer
and manufacturer of zero-emission battery-electric and
hydrogen-electric vehicles, electric vehicle drivetrains, vehicle
components, energy storage systems, and hydrogen station
infrastructure, Nikola is driven to revolutionize the economic and
environmental impact of commerce as we know it today. Founded in
2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit
www.nikolamotor.com or Twitter @nikolamotor.
SELL-SIDE ANALYST / INSTITUTIONAL INVESTOR
INQUIRIES:
Kim Brady
kim.brady@nikolamotor.com
MEDIA CONTACTS:
Nicole
Rose
nicole.rose@nikolamotor.com
480-660-6893
Colleen Robar
crobar@robarpr.com
313-207-5960
Tim Lynch / Tim Ragones
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
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SOURCE Nikola Corporation